The Central African Republic's meme-coin has sparked a wave of criticism and distrust following phishing attack reports and legitimacy concerns.
Official Statements and Their Implications
The President of the Central African Republic, Faustin-Archange Touadéra, announced via his X account that the meme-coin is a government initiative aimed at uniting people and supporting national development. However, the project faced backlash due to phishing attacks on its info pages, leading to the temporary suspension of its X account and website.
Phishing Attacks and Community Reactions
Scam Sniffer founder noted that the meme-coin's Telegram group, linked on CoinGecko, contained phishing tools. CoinGecko promptly removed these links. SlowMist founder also identified malicious links redirecting users to fake CAPTCHA pages.
Suspicions of Deepfake Usage
Adding to concerns, President Touadéra’s promotional video is suspected to be an AI deepfake. With phishing risks and unanswered questions, the legitimacy of the meme-coin remains doubtful despite the President's insistence on its authenticity.
The emergence of the Central African Republic meme-coin is marred with scandals and queries around its legitimacy, questioning its potential to achieve its stated goals of unity and development.
